Targa Resources Corp. (TRGP)
| Market Cap | 62.24B +77.0% |
| Revenue (ttm) | 16.74B -2.0% |
| Net Income | 2.26B +38.4% |
| EPS | 10.46 +50.1% |
| Shares Out | 214.43M |
| PE Ratio | 27.74 |
| Forward PE | 25.62 |
| Dividend | $5.00 (1.72%) |
| Ex-Dividend Date | Jul 31, 2026 |
| Volume | 843,077 |
| Open | 291.92 |
| Previous Close | 291.91 |
| Day's Range | 287.43 - 294.67 |
| 52-Week Range | 144.14 - 307.94 |
| Beta | 0.72 |
| Analysts | Strong Buy |
| Price Target | 313.10 (+7.87%) |
| Earnings Date | Aug 6, 2026 |
About TRGP
Targa Resources Corp., together with its subsidiaries, owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, s... [Read more]
Financial Performance
In 2025, Targa Resources's revenue was $17.03 billion, an increase of 3.95% compared to the previous year's $16.38 billion. Earnings were $1.84 billion, an increase of 45.05%.
Financial StatementsAnalyst Summary
According to 21 analysts, the average rating for TRGP stock is "Strong Buy." The 12-month stock price target is $313.1, which is an increase of 7.87% from the latest price.
News
Targa Resources price target raised to $320 from $300 at Mizuho
Mizuho analyst Gabriel Moreen raised the firm’s price target on Targa Resources (TRGP) to $320 from $300 and keeps an Outperform rating on the shares. The firm upped the company’s…
Targa Resources price target raised to $314 from $257 at Scotiabank
Scotiabank analyst Brandon Bingham raised the firm’s price target on Targa Resources (TRGP) to $314 from $257 and keeps an Outperform rating on the shares. The firm is updating its…
Targa Resources resumed with a Buy at Stifel
Stifel resumed coverage of Targa Resources (TRGP) with a Buy rating and $340 price target While the firm acknowledges significant appreciation with shares up about 60% year-to-date, Targa maintains pe...
Targa Resources price target raised to $324 from $282 at Wells Fargo
Wells Fargo analyst Praneeth Satish raised the firm’s price target on Targa Resources (TRGP) to $324 from $282 and keeps an Overweight rating on the shares. On August 17, Targa…
Midstream Scales Up Natural Gas Infrastructure
As noted last week, midstream MLPs and corporations broadly raised full-year financial guidance following a strong second quarter. Looking ahead, the sector's growth runway is accelerating.
Targa Resources price target raised to $338 from $312 at RBC Capital
RBC Capital analyst Elvira Scotto raised the firm’s price target on Targa Resources (TRGP) to $338 from $312 and keeps an Outperform rating on the shares. The firm is updating…
Williams named Top Pick in midstream energy infrastructure at Morgan Stanley
Morgan Stanley moved Williams (WMB) to Top Pick within midstream energy infrastructure, replacing Targa Resources (TRGP), after having recently hosted a small group investor meeting with Williams seni...
Strong Midstream 2Q26 Earnings Boost Full-Year Outlook
Midstream MLPs and corporations generally posted strong second-quarter earnings, benefiting from record volume throughput, strong margins, and robust demand for natural gas and natural gas liquids (NG...
Targa Resources Corp. Announces Addition of Experienced Industry Executive and Leadership Changes to Support Continued Long-Term Growth
HOUSTON, Aug. 25, 2026 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") today announced the addition of a key experienced team member to further strengthen the depth o...
Targa Resources Secures 20-Year Deal With ExxonMobil
Targa Resources Corp (TRGP) announced a major infrastructure expansion after securing long-term, fee-based agreements with ExxonMobil (XOM) across the Permian Delaware and Midland basins. The deal sig...
Targa Resources price target raised to $343 from $333 at Morgan Stanley
Morgan Stanley analyst Robert Kad raised the firm’s price target on Targa Resources (TRGP) to $343 from $333 and keeps an Overweight rating on the shares.
Targa Resources Slides: Investor presentation
Targa Resources has posted slides in relation to its latest quarterly earnings report, which was published on August 18, 2026.
Targa Resources price target raised to $345 from $324 at Jefferies
Jefferies analyst Julien Dumoulin-Smith raised the firm’s price target on Targa Resources (TRGP) to $345 from $324 and keeps a Buy rating on the shares. The company’s expanded agreement with…
Targa Resources announces 20-year integrated midstream pacts with Exxon Mobil
Targa Resources (TRGP) announced the execution of new long-term, integrated midstream agreements with subsidiaries of ExxonMobil (XOM). Targa has entered into long-term fee-based agreements with Exxon...
Targa Resources raises FY26 growth capital expenditures view to $5B from $4.5B
The company said, “We are updating our estimate for FY26 growth capital to approximately $5.0B which incorporates expected investment in the new Delaware processing plants announced today, incremental...
Targa Resources Corp. Announces 20-Year Agreements with ExxonMobil and Announces Three New Natural Gas Processing Plants in the Permian Delaware
Highlights Establishes new 20-year fee-based, integrated midstream agreements to support ExxonMobil's development of its premier Permian Basin acreage Establishes an extensive new area of mutual inter...
Expert says ‘stalemate' in Hormuz gives an opportunity to energy plays
Tortoise Capital senior portfolio manager Brian Kessens discusses whether energy stocks are overvalued on ‘The Claman Countdown.' #fox #foxbusiness #media #breakingnews #us #usa #new #news #breaking #...
Targa Resources price target raised to $312 from $310 at RBC Capital
RBC Capital raised the firm’s price target on Targa Resources (TRGP) to $312 from $310 and keeps an Outperform rating on the shares. The firm is updating its estimates following…
Targa Resources price target raised to $335 from $330 at Raymond James
Raymond James raised the firm’s price target on Targa Resources (TRGP) to $335 from $330 and keeps a Strong Buy rating on the shares.
Targa Resources price target raised to $275 from $270 at TD Cowen
TD Cowen analyst Jason Gabelman raised the firm’s price target on Targa Resources (TRGP) to $275 from $270 and keeps a Hold rating on the shares. The firm updated its…
Targa Resources price target raised to $282 from $270 at Wells Fargo
Wells Fargo raised the firm’s price target on Targa Resources (TRGP) to $282 from $270 and keeps an Overweight rating on the shares. The firm notes Targa delivered another strong…
Targa Resources price target lowered to $324 from $327 at Jefferies
Jefferies lowered the firm’s price target on Targa Resources (TRGP) to $324 from $327 and keeps a Buy rating on the shares. The firm is lifting estimates by 2%-4% after…
Targa Resources price target raised to $284 from $282 at Barclays
Barclays raised the firm’s price target on Targa Resources (TRGP) to $284 from $282 and keeps an Overweight rating on the shares.
Targa Resources Earnings Call Transcript: Q2 2026
Q2 2026 saw record adjusted EBITDA and volumes, driven by robust Permian activity and downstream growth. Full-year guidance was raised to the top end, with strong capital allocation, major project execution, and expanding export capacity positioning for continued growth into 2027.
Targa Resources Slides: Q2 2026
Targa Resources has posted slides in relation to its Q2 2026 quarterly earnings report, which was published on August 6, 2026.